$1,200,000

Vacant Land For Sale In Vanier South, Ottawa, Ontario

$1,200,000

Property Information:

Situated on a meticulously chosen lot w/ front & back access on two streets, this exceptional development project boasts the approval from the Committee of Adjustment for the lot to be severed into two w/ each lot having COA approved plans / variances to host an 8plex for a total of 16 units. Each thoughtfully designed 8plex offers a diverse range of layouts to cater to various tenant needs, including 2X 2bedrm, 5X 1bedrm (including one barrier free unit) & 1x Studio. Next Steps for you: w/ variances and severances secured; and some of the key documentation / steps completed; the next milestone is obtaining the building permit & checking the possibility of eligibility for no GST on the construction of the multi family units & financing through the government of Canada's building accelerator fund. The existing house is rented. This project offers visionary builders a rare opportunity for lucrative returns & success. Contact me today for more details on this meticulously planned venture. (id:27)

Building Features:

  • Basement Development: Not Applicable
  • Basement Type: Unknown

Property Features:

  • Property Type: Vacant Land
  • Access Type: Road access
  • Amenities Nearby: Public Transit, Shopping
  • Current Use: Development residential
  • Lot Depth: 100.0 Feet
  • Lot Frontage: 63.0 Feet
  • Zoning: R4UA
  • Sewer: Municipal sewage system

Courtesy of: RIGHT AT HOME REALTY

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This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.